Share of Companies Offering Chuseok Bonuses Drops 2 Percentage Points

With Chuseok just a week away, the proportion of companies providing Chuseok bonuses has decreased slightly compared to last year.

The Korea Enterprises Federation conducted a survey targeting 601 companies nationwide with five or more employees.

Among them, 61 percent of the surveyed companies responded that they plan to pay Chuseok bonuses this year.

This is a 2 percentage point decrease compared to last year.

Regarding the payment method, the most common response at 65 percent was providing them solely as regular bonuses.

As for the number of Chuseok holiday days, a 4-day break was the most common at 76.5 percent.

This year's Chuseok holiday spans four days, as the Chuseok public holidays running from the 24th to the 26th are followed by Sunday, the 27th.

Meanwhile, 14.2 percent of companies reported that they would take a break of 5 days or more, while 9.3 percent stated they would take 3 days off or fewer.
※ Please note: This article was translated by AI and may contain errors.